Discover 2011 Annual Report Download - page 75
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63
Earnings Summary
The following table outlines changes in our consolidated statements of income for the periods presented (dollars in
thousands):
Interest income
Interest expense
Net interest income
Provision for loan losses
Net interest income (loss)
after provision for loan
losses
Other income
Other expense
Income (loss) before income tax
expense
Income tax expense (benefit)
Net income (loss)
For the Year Ended November 30,
2011
$ 6,345,139
1,484,552
4,860,587
1,013,350
3,847,237
2,205,174
2,541,167
3,511,244
1,284,536
$ 2,226,708
2010
$ 6,146,218
1,582,988
4,563,230
3,206,705
1,356,525
2,094,999
2,182,665
1,268,859
504,071
$ 764,788
2009
(Non-GAAP
As-Adjusted 1)
$ 6,435,152
1,605,499
4,829,653
5,123,030
(293,377)
2,186,064
2,222,096
(329,409)
(92,125)
$ (237,284)
2011 vs. 2010
increase (decrease)
$
$ 198,921
(98,436)
297,357
(2,193,355)
2,490,712
110,175
358,502
2,242,385
780,465
$ 1,461,920
%
3%
(6)%
7%
(68)%
NM
5%
16 %
NM
NM
NM
2010 vs. 2009
increase (decrease)
$
$ (288,934)
(22,511)
(266,423)
(1,916,325)
1,649,902
(91,065)
(39,431)
1,598,268
596,196
$ 1,002,072
%
(4)%
(1)%
(6)%
(37)%
NM
(4)%
(2)%
NM
NM
NM
(1) See “—Reconciliations of GAAP to Non-GAAP As-Adjusted Data.”
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